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Bharti secures funds to buy Zain

By Agencies India’s largest telco Bharti Airtel has tied up US$ 8.3 billion from a clutch of foreign banks and State Bank of India to fund the acquisition of Zain telecom’s African assets. “Bharti Airtel is pleased to announce that the entire financing requirement of $ 8.3 billion for the …

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MTN revenues grow 9% in 2009

By The Independent Team South Africa and East Africa segment posts 6% loss MTN Group last week announced an increase in revenue and subscribers for the year ended 31 December 2009, they however admitted a negative impact due to the economic crisis, the introduction of new regulations such as SIM …

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MTN boss Nhleko

By Duncan McLeod `It’s hard moving on’ It’s difficult to let go.” Phuthuma Nhleko, MTN’s group president and CEO, sounds almost rueful when I ask him why he’s decided to hang up his hat at the mobile operator. “You do a lot of soul searching,” he tells me in an …

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Experts give banana new look

By Maya Prabhu Uganda is one of the world’s top banana-growing countries, producing as many as 10 million tonnes of the fruit each year, but the banana market is under-exploited. Its potential to act as a bastion of food-security and create lucrative openings for ambitious entrepreneurs requires innovation in the …

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Tullow up for sale?

By Agencies It may happen but it’s not something we’re terribly focused on-BP boss Tullow Oil’s shares have jumped 3% last week on the back of rumors that BP was planning on submitting a bid for the Irish independent. According to rumors, BP is planning to offer Tullow £15 per …

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